Our own environmental footprint

Climate change is one of today's most serious challenges. SEB recognises the importance of limiting the average global temperature rise to well below the 2°C target. We therefore actively work to reduce our direct environmental impact.

Our targets to 2020

Between 2008 and 2015, we reduced our annual CO2 emissions by 54 per cent. Keeping our ambitions high, we have set a target to reduce our own climate footprint by 20 per cent to 2020. To achieve that, we continuously work to decrease our carbon emissions. Specifically, we:

Reduce business travel by using alternative techniques for meetings

Improve energy efficiency at our operations and buildings

Use renewable energy in our buildings

Work with our suppliers to minimise our carbon footprint together

Besides the overall CO2 reduction, the targets for 2020 include a 20 per cent reduction of emissions from:

business travel

company cars

paper consumption

energy and electricity consumption

Results per focus areas 2018

Business travel

Carbon emissions from business travel is our most challenging source of CO2 emissions. About 60% of our emissions in 2018 were related to this. Air travel distance increased while train travel distance remained the same.

Company cars

CO2 emissions from company cars were reduced by 8 per cent in 2018, compared to 2017. During the same period, the SEB average car has reduced emitted CO2 by 1 per cent.

Paper consumption

In 2018, SEB decreased its total paper consumption with 12 per cent. The bank continued to digitalise customer letters and internal reports saving up to 5 million printed pages.

Energy use

SEB’s electricity consumption decreased by 9.5 per cent in 2018. The major part of electricity used is based on renewable sources, 91 per cent (91). The CO2 emissions from energy consumption decreased by 15 per cent during 2018. For all environmental details, see Sustainability Fact Book (pdf).